Nov 26, 2012 7:00am PST
year. this morning the economic council and the economic council advisor a say the increase in taxes and the fiscal cliff we're talking not add the in the year. if that happens and we go over the cliff consumer drop spending could drop by nearly $200 million next year. this is why investors are a little apprehensive. >> people do believe in the class and they understand that it is no joking matter. --cliff the poll indicates 17 in 10 americans are calling for a compromise on the issues. they are pessimistic about anything actually happening. one out of four people say tax increases and spending cuts will it cause a crisis. >> the giant l'oreal is buying the edgy private cosmetic company urban decay. it will give l'oreal another entry into the specials as brands. urban decay makeup is sold through specialty retail stores like so fora for online shops. this deal will give l'oreal extended reach. we will take a break in here as aid look at our toll plaza. the fog is a real problem as we're watching the news began to back up. we will talk to george st of the drive times are slowing down.
Nov 27, 2012 7:00am PST
to increase taxes on the wealthy while extending tax cuts for families earning $250,000 or less. today will meet with small-business owners tomorrow middle-class americans. >> watching wall street we have good news and a jump in home prices the highest level since 2008. also of rising consumer confidence. the fears of fiscal cliff have that consumers worry. the dow's at 12,933 >> the time is 8 to 05 a.m. and let's take a live look at the approach to the bay bridge. george lab the updates on the drive times and hot spots. erika will have details on when the rain will start when we continue. >> new video world news from to rear square in cairo. there have been clashes between police and protesters. there's a mass rally against the decree against muhammed more see granting themselves broad power. more seat stuck by his controversial decree and his meeting with judges that was aimed at diffusing the worst political crisis since his election in june >> yasser arafat's body has been exhumed to find out whether and not he it was poisoned. he died nearly a decade ago due to a sudden illness. t
Nov 28, 2012 7:00am PST
to press congress to protect tax cuts for families earning $250,000 or less. the president will meet later on with corporate executives to. the white house democrats and republicans have yet to agree on how to avert an economy crushing a series of automatic tax increases and spending cuts that are due to take effect in january. tracking gas prices against the bay area for you in the state average is $3.73 a gallon. bay area prices are averaging $3.82 a gallon san jose $3.67 and in oakland $3.71. i always like to take a mental note to know which gas stations to dry by if you're looking for cheaper gas. >> mega busts a company that offers city to city services for about a dollar is expanding to california. it will allow you go from oakland california san jose and san francisco to los angeles. also sacramento and the reno sparks area as well. they cam but " cal for a trip starting today but they do not actually start running until december 12th. the company will be offering trips where dollar transfer its first week of service. >> will be back with more of the team coverage of the storm in ju
Nov 23, 2012 7:00am PST
. no sales tax. local bookstores are already under pressure under the rapid popularity of evokes. michael tucker owns eight don't chain of stores and seven cisco. if you can save 15% wouldn't you? >> they began taxing this year in other states like pennsylvania and texas. online retailers collect tax only for states where they have a physical presence. in california, amazon is building to giant warehouses. including this one near los angeles. it is a million square feet and the old fashion retailer's bid is another reason to worry. why? amazons goal is to get the items to customers faster and be able to offer same-day delivery. you can avoid stores if you want and have a package delivered to your house and a matter of hours. i went for consumers but tougher local retailers. >> @ amazon creates the distribution centers and facilities on their property this takes away one as we have left. this is a big deal. >> that means retailers need to up their game. >> retailers need to take a lesson but amazon and focus on the consumer experience. it will become more sophisticated both online and offl